NOT LISTED FOR SALE

120 Chip Ct Duck, NC 27949

Estimated Value: $887,539 - $1,005,000

4 Beds
2 Baths
1,760 Sq Ft
$533/Sq Ft Est. Value

Last Sold July 23, 2020

Last sale price $570,000 $324 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,451/month

39 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • In Ground Pool
  • Kitty Hawk Elementary School Rated 9+
  • Health Club
  • Clubhouse

About This Home

As of July 2020

With close to $250k in improvements over the last several years, this home is like new! New interior and exterior paint, new appliances, new plumbing, new beds, electronics, and hot tub are just some of the upgrades in the last few years! Projected to do $45K in rental income as is, this comfortable coastal retreat is situated in the heart of Duck Village in the coveted neighborhood of Schooner Ridge, with private beach access, great community amenities such as indoor pool, fitness center, tennis courts, and playgrounds. You're only a short bike ride or walk to the beach or the shops and restaurants in Duck! The home itself has it all...Enjoy a large yard, private pool, hot tub, spacious decks, and thoughtful layout and decor of this well cared for home. Currently set up as a four bedroom. Septic already in place for 5 bedrooms with multiple areas to expand for additional bedrooms, if someone wanted to increase rental potential! In years past, home has done $50,000 in income per season!

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 05/13/2020

Co-Listed By

Robert Konstanzer

Four Seasons Realty License #189406

Last Buyer's Agent

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,859

Year Built

  • Built in 1986

Lot Details

  • 0.35 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $208 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Asphalt Shingled Roof

Interior Spaces

  • 1,760 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 18

Community Details

Overview

  • Schooner Ridge Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Indoor Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,859

Year Built

Built in 1986

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s)
  • Flood Zone: X
  • Headline: UPDATED & EASILY EXPANDABLE
  • Heated Sq Ft: 1760
  • L V T Date: 05/13/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: More than 5th row
  • Zoning: RES
  • Advertised Income 2020: 43125
  • Deed Book Pg Number: 211
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14915
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Furnishings Available: Yes

Exterior Features

  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2500

Lot Info

  • Estimated Lot Sq Ft: 15295
  • Lot Description: Cul-de-sac, Level
  • Lot Number: Lot 18
  • Estimated Lot Size: 0.35
  • Deed Book: 1923

Rental Info

  • Est Annual Rental Income: 50020
  • Estimated Rental Performance: 0.0878
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: DUCKING RESPONSIBILITY
  • Rental Cottage Number: B443T
  • Rental Turnover Day: SUNDAY
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2019
  • Taxes: 2858.81

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Jul 17, 2020
Sold by
Phillips Damon Y and Phillips Jennifer L
Bought by
Miklandric Kimberly J and Miklandric Stephen J
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Catherine Strachan
Brindley Beach Vacations & Sales-Duck
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%
Current Estimated Value
$937,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,385
Avg. Annual Appreciation
10.06%
Original Mortgage
$510,400
Outstanding Balance
$453,429
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$483,956

Purchase Details

Listed on
Apr 30, 2012
Closed on
Mar 4, 2013
Sold by
Hollister Steven W and Hollister Christina M
Bought by
Phillips Damon Y and Phillips Jennifer L
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$396,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2007
Sold by
Rinderknecht David L and Rinderknecht Jane M
Bought by
Hollister Steven W and Hollister Christina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
8.77%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Miklandric Kimberly J $570,000 None Available
Phillips Damon Y $2,640,000 None Available
Hollister Steven W $525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miklandric Kimberly J $510,400
Previous Owner Phillips Damon Y $396,000
Previous Owner Hollister Steven W $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2020 07/23/20 Sold $570,000 -4.8% $324 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $599,000 +36.1% $340 / Sq Ft
03/07/2013 03/07/13 Sold $440,000 -4.1% $250 / Sq Ft
02/05/2013 02/05/13 Pending -- -- --
04/30/2012 04/30/12 For Sale $459,000 -- $261 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,274 $492,300 $216,800 $275,500
2023 $3,123 $503,320 $216,800 $286,520
2022 $3,123 $503,320 $216,800 $286,520
2021 $3,130 $503,320 $216,800 $286,520
2020 $2,782 $466,088 $216,800 $249,288
2019 $2,852 $400,400 $201,500 $198,900
2018 $2,859 $400,400 $201,500 $198,900
2017 $2,797 $400,400 $201,500 $198,900
2016 $2,626 $400,400 $201,500 $198,900
2014 $2,633 $400,400 $201,500 $198,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109227

Outer Banks Association of REALTORS®

APN: 026469018